U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

(Mark  One)

 X     QUARTERLY  REPORT  PURSUANT  TO  SECTION  13  OR  15(d) OF THE SECURITIES
---    EXCHANGE  ACT  OF  1934
       For  the  quarterly  period  ended:  June  30,  2001
                                            ----------------

        TRANSITION  REPORT  PURSUANT  TO  SECTION  13 OR 15(d) OF THE SECURITIES
---     EXCHANGE  ACT  OF  1934
        For  the  transition  period from  _______________  to  ________________

                       Commission file number:   33-43317
                                               ----------

                              EASTON BANCORP, INC.
                              --------------------
        (Exact name of small business issuer as specified in its charter)

       Maryland                                       52-1745344
     -------------                                 -------------------
(State of incorporation)                    (I.R.S. Employer Identification No.)

                  501 Idlewild Avenue, Easton, Maryland  21601
                  --------------------------------------------
                    (Address of principal executive offices)

                                 (410) 819-0300
                                 --------------
                           (Issuer's telephone number)

                                 Not Applicable
                                 --------------
    (Former name, former address and former fiscal year, if changed since last
                                     report)


     Check  whether  the  issuer:  (1) filed all reports required to be filed by
Section  13  or 15(d) of the Exchange Act during the past 12 months (or for such
shorter  period  that the registrant was required to file such reports), and (2)
has  been  subject  to  such  filing  requirements  for  the  past  90  days.
Yes  X   No
    ---     ---

     State  the  number of shares outstanding of each of the issuer's classes of
common  equity,  as  of  the  latest  practicable  date:

     On  August  3, 2001, 560,318 shares of the issuer's common stock, par value
$.10  per  share,  were  issued  and  outstanding.

     Transitional  Small Business Disclosure Format (check one):  Yes     No  X
                                                                      ---    ---


<PAGE>
<TABLE>
<CAPTION>
                                     PART I
                              FINANCIAL INFORMATION

ITEM  1.  FINANCIAL  STATEMENTS.

                       EASTON BANCORP, INC. AND SUBSIDIARY
                           CONSOLIDATED BALANCE SHEETS
                                   (Unaudited)

                                                       June 30,     December 31,
                                                         2001          2000
                                                      -----------  --------------
<S>                                                   <C>          <C>
                              ASSETS
Cash and due from banks                               $ 1,751,537  $   1,202,011
Federal funds sold                                      2,741,210      1,325,552
Investment in Federal Home Loan Bank stock                431,500        204,200
Investment securities available-for-sale                3,628,445      4,978,928
Loans held for sale                                       935,093        353,110
Loans, less allowance for credit losses of
      $651,826 and $645,501, respectively              59,441,250     54,249,898
Premises and equipment, net                             1,635,592      1,670,019
Intangible assets, net                                     28,539         10,856
Accrued interest receivable                               423,810        397,492
Bank Owned Life Insurance Policy                        1,250,850            -0-
Other assets                                              196,998        104,216
Deferred income taxes                                         -0-         40,211
                                                      -----------  --------------
            Total assets                              $72,464,824  $  64,536,493
                                                      ===========  ==============

                       LIABILITIES AND STOCKHOLDERS' EQUITY
Deposits
      Noninterest-bearing                             $ 5,528,653  $   5,048,604
      Interest-bearing                                 58,338,282     52,069,826
                                                      -----------  --------------
         Total deposits                                63,866,935     57,118,430
Accrued interest payable                                  137,329        138,693
Securities sold under agreements to repurchase             37,517         69,984
Note payable                                            2,626,546      1,630,092
Deferred Income taxes                                       6,534            -0-
Other liabilities                                         207,446        153,025
                                                      -----------  --------------
         Total liabilities                             66,882,307     59,110,224
                                                      -----------  --------------

Stockholders' equity
      Common stock, par value $.10 per share;
         Authorized 5,000,000 shares, 560,318 shares
         issued and outstanding                            56,032         56,032
      Additional paid-in-capital                        5,227,487      5,227,487
      Retained earnings                                   273,314        153,211
                                                      -----------  --------------
                                                        5,556,833      5,436,730
      Accumulated other comprehensive income               25,684        (10,461)
                                                      -----------  --------------
         Total stockholders' equity                     5,582,517      5,426,269
                                                      -----------  --------------

      Total liabilities and stockholders' equity      $72,464,824  $  64,536,493
                                                      ===========  ==============
</TABLE>

See  accompanying  Notes  to  Consolidated  Financial  Statements.


                                        1
<PAGE>
<TABLE>
<CAPTION>
                        EASTON BANCORP, INC. AND SUBSIDIARY
                         CONSOLIDATED STATEMENTS OF INCOME
                                    (Unaudited)

                                      Three  Months  Ended    Six  Months  Ended
                                            June  30,              June  30,
                                     ----------------------  ----------------------
                                        2001        2000        2001        2000
                                     ----------  ----------  ----------  ----------
<S>                                  <C>         <C>         <C>         <C>
Interest revenue
   Loans, including fees             $1,293,785  $1,170,706  $2,536,244  $2,227,833
   Investment securities                 56,903      76,312     132,551     144,540
   Due from banks                           185         -0-         496         -0-
   Federal funds sold                    33,440      12,260      64,339      41,416
                                     ----------  ----------  ----------  ----------
      Total interest revenue          1,384,313   1,259,278   2,733,630   2,413,789

Interest expense                        705,325     567,022   1,386,259   1,101,127
                                     ----------  ----------  ----------  ----------

      Net interest income               678,988     692,256   1,347,371   1,312,662

Provision for loan losses                56,034      65,331     104,388     119,264
                                     ----------  ----------  ----------  ----------

      Net interest income after
         provision for loan losses      622,954     626,925   1,242,983   1,193,398
                                     ----------  ----------  ----------  ----------

Other operating revenue                 127,543      57,189     247,377     112,452
                                     ----------  ----------  ----------  ----------

Other expenses
   Salaries and benefits                358,692     285,365     700,764     565,960
   Occupancy                             39,816      24,157      73,577      49,293
   Furniture and equipment               28,859      23,289      57,964      50,413
   Other operating                      203,723     174,070     370,229     307,558
                                     ----------  ----------  ----------  ----------
      Total operating expenses          631,090     506,881   1,202,534     973,224
                                     ----------  ----------  ----------  ----------

Income before income taxes              119,407     177,233     287,826     332,626

Income taxes                             43,692      75,600     111,692     130,600
                                     ----------  ----------  ----------  ----------

Net income                           $   75,715  $  101,633  $  176,134  $  202,026
                                     ==========  ==========  ==========  ==========

Earnings per common share - basic    $     0.14  $     0.18  $     0.31  $     0.36
                                     ==========  ==========  ==========  ==========

Earnings per common share - diluted  $     0.14  $     0.17  $     0.31  $     0.35
                                     ==========  ==========  ==========  ==========
</TABLE>

See  accompanying  Notes  to  Consolidated  Financial  Statements.


                                        2
<PAGE>
<TABLE>
<CAPTION>
                      EASTON BANCORP, INC. AND SUBSIDIARY
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                  (Unaudited)

                                                        Six  Months  Ended
                                                             June 30,
                                                    --------------------------
CASH FLOWS FROM OPERATING ACTIVITIES                    2001          2000
                                                    ------------  ------------
<S>                                                 <C>           <C>
  Interest received                                 $ 2,702,223   $ 2,338,528
  Other revenue received                                242,076       112,452
  Cash paid for operating expenses                   (1,088,286)     (903,346)
  Proceeds from loan sales                            6,814,377     2,301,340
  Loans originated for sale                          (7,396,360)   (2,424,340)
  Interest paid                                      (1,413,473)   (1,092,982)
  Taxes paid                                           (167,472)          -0-
                                                    ------------  ------------
                                                       (306,915)      331,652
                                                    ------------  ------------

CASH FLOWS FROM INVESTING ACTIVITIES
  Cash paid for premises, equipment and software        (46,659)      (28,945)
  Net loans to customers                             (5,293,829)   (5,930,910)
  Proceeds from sales/maturities of investments       3,835,611       691,778
  Purchase of investment securities                  (2,427,185)     (945,232)
  Purchase of Federal Home Loan Bank stock             (227,300)          -0-
  Investment in life insurance contract              (1,225,000)          -0-
                                                    ------------  ------------
                                                     (5,384,362)   (6,213,309)
                                                    ------------  ------------

CASH FLOWS FROM FINANCING ACTIVITIES
  Net increase in time deposits                       6,295,595     5,089,094
  Net increase in other deposits                        452,910     2,911,907
  Dividends Paid                                        (56,031)          -0-
  Net decrease in securities sold under agreements
      to repurchase                                     (32,467)     (218,122)
  Net proceeds from borrowings                          996,454    (1,944,977)
                                                    ------------  ------------
                                                      7,656,461     5,837,902
                                                    ------------  ------------

NET INCREASE (DECREASE) IN CASH                       1,965,184       (43,755)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD      2,527,563     3,401,062
                                                    ------------  ------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD          $ 4,492,747   $ 3,357,307
                                                    ============  ============
</TABLE>


                                        3
<PAGE>
<TABLE>
<CAPTION>
                      EASTON BANCORP, INC. AND SUBSIDIARY
                CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)
                                  (Unaudited)

                                                               Six Months Ended
                                                                    June 30,
                                                             -----------------------
                                                                2001         2000
                                                             -----------  ----------
<S>                                                          <C>          <C>

RECONCILIATION OF NET INCOME TO NET CASH
     PROVIDED (USED) FROM OPERATING ACTIVITIES
  Net income                                                 $  176,134   $ 202,026
  Adjustments to reconcile net income to net cash
   provided (used) from operating activities:
      Depreciation and amortization                              63,412      56,843
      Provision for loan losses                                 104,388     119,264
      Increase in cash surrender value of insurance             (25,850)        -0-
      Loan sales net proceeds                                  (581,983)   (123,000)
      Decrease (increase) in accrued interest receivable
        and other assets                                        (50,303)    (52,398)
      Increase (decrease) in operating accounts payable and
        other liabilities                                       (15,749)     18,674
      Deferred loan origination fees                             (1,911)    (27,065)
      Deferred Income taxes                                      28,125     130,600
      Loss on sale of securities                                    -0-       9,564
      Investment amortization, net of accretion                  (3,178)     (2,856)
                                                             -----------  ----------
                                                              ($306,915)  $ 331,652
                                                             ===========  ==========
</TABLE>

See  accompanying  Notes  to  Consolidated  Financial  Statements.


                                        4
<PAGE>
NOTES  TO  CONSOLIDATED  FINANCIAL  STATEMENTS:

1.   Basis  of  Presentation
     -----------------------

     The  accompanying  unaudited  condensed  financial  statements  have  been
prepared in accordance with generally accepted accounting principles for interim
financial  information  and with the instructions to Form 10-QSB and Item 310(b)
of  Regulation S-B of the Securities and Exchange Commission.  Accordingly, they
do  not include all the information and footnotes required by generally accepted
accounting  principles  for  complete  financial  statements.  In the opinion of
management, all adjustments (consisting of normal recurring accruals) considered
necessary for a fair presentation have been included.  Operating results for the
six  months  ended  June 30, 2001, are not necessarily indicative of the results
that  may  be  expected  for  the  year  ended  December  31, 2001.  For further
information,  refer  to  the  consolidated  financial  statements  and footnotes
thereto  for  the Company's fiscal year ended December 31, 2000, included in the
Company's  Form  10-KSB  for  the  year  ended  December  31,  2000.

2.   Cash  Flows
     -----------

     For  purposes  of  reporting  cash flows, cash and cash equivalents include
cash  on  hand,  unrestricted  amounts  due from banks, overnight investments in
repurchase  agreements,  and  federal  funds  sold.

3.   Comprehensive  Income
     ---------------------

<TABLE>
<CAPTION>
         Comprehensive  income  consists  of:

                                         Six Months Ended
                                             June  30,
                                           2001      2000
                                         --------  ---------
<S>                                      <C>       <C>

Net Income                               $176,134  $202,026
Unrealized gain (loss) on investment
  securities available for sale, net of
  income taxes                             36,145    (3,511)
                                         --------  ---------

Comprehensive Income                     $212,279  $198,515
                                         ========  =========
</TABLE>


                                        5
<PAGE>
     This Report contains statements which constitute forward-looking statements
within  the meaning of Section 27A of the Securities Act of 1933 and Section 21E
of  the Securities Exchange Act of 1934.  These statements appear in a number of
places in this Report and include all statements regarding the intent, belief or
current  expectations of the Company, its directors or its officers with respect
to, among other things: (i) the Company's financing plans; (ii) trends affecting
the  Company's financial condition or results of operations; (iii) the Company's
growth  strategy and operating strategy; and (iv) the declaration and payment of
dividends.  Investors are cautioned that any such forward-looking statements are
not  guarantees  of  future performance and involve risks and uncertainties, and
that  actual  results  may  differ  materially  from  those  projected  in  the
forward-looking  statements  as a result of various factors discussed herein and
those  factors  discussed in detail in the Company's filings with the Securities
and  Exchange  Commission.

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF  OPERATIONS.

     Easton  Bancorp,  Inc. (the "Company") was incorporated in Maryland on July
19,  1991,  to become a one-bank holding company by acquiring all of the capital
stock  of Easton Bank & Trust Company (the "Bank") upon its formation.  The Bank
commenced  business  on July 1, 1993, and the only activity of the Company since
then  has  been the ownership and operation of the Bank.  The Bank was organized
as  a nonmember state bank under the laws of the State of Maryland.  The Bank is
engaged  in  a general commercial banking business, emphasizing in its marketing
the  Bank's local management and ownership, from its main office location in its
primary  service  area, Talbot County, Maryland.  During 1999, the Bank opened a
full-service  branch  office  in  Denton, Maryland, which is in Caroline County.
The Bank offers a full range of deposit services that are typically available in
most  banks  and savings and loan associations, including checking accounts, NOW
accounts,  savings  accounts  and  other time deposits of various types, ranging
from  daily  money  market  accounts to longer-term certificates of deposit.  In
addition,  the  Bank  offers  certain  retirement  account  services,  such  as
Individual  Retirement  Accounts.  The  Bank  offers  a  full range of short- to
medium-term  commercial  and personal loans.  The Bank also originates and holds
or  sells  into  the secondary market fixed and variable rate mortgage loans and
real  estate  construction  and  acquisition loans.  Other bank services include
cash  management  services, safe deposit boxes, travelers checks, direct deposit
of  payroll  and  social  security  checks,  and  automatic  drafts  for various
accounts.

     The  following  discussion  of  the  financial  condition  and  results  of
operations  of  the  Company  should  be  read in conjunction with the Company's
financial  statements  and  related  notes  and  other  statistical  information
included  elsewhere  herein.

Results  of  Operations
-----------------------

     Net  income  for  the Company for the three months ended June 30, 2001, was
$75,715,  compared  to  $101,633  during  the corresponding period of 2000.  Net
income  for  the  six  months  ended  June  30,  2001, was $176,134, compared to
$202,026  for  the corresponding period of 2000.  Net income before income taxes
was  $119,407  for  the  three  months ended June 30, 2001, compared to $177,233
during  the  corresponding  period  of 2000.  Net income before income taxes was
$287,826 for the six months ended June 30, 2001, compared to $332,626 during the
corresponding  period  of  2000.

     The decrease in earnings before income taxes for the six month period ended
June  30,  2001  can  be  attributed to an increase in net interest income after
provision  for  loan  losses  of  approximately  $50,000  and  an  increase  of
approximately  $135,000  in  other  operating income, consisting primarily of an
increase  of  approximately  $94,000  in  mortgage origination fee income and an
increase  of  approximately  $26,000  in  the  cash  surrender value of the life
insurance  policy  owned  by  the  Bank,  offset by an increase of approximately
$229,000  in total operating expenses. The increase in net interest income after
provision  for  loan  losses  is  primarily  due to an increase of approximately
$308,000  in  interest earned on the growth in the loan portfolio and a decrease
of  $15,000  expensed  to  provision  to  loan  losses, offset by an increase of
approximately  $285,000  in  interest  expense  primarily due to the increase in
deposits. The increase in total operating expenses is primarily attributed to an


                                        6
<PAGE>
increase  in  salaries and benefits of approximately $135,000 and an increase in
other  operating  expenses  of  $63,000.  Occupancy  expenses  and furniture and
equipment expenses increased approximately $32,000. The increase in salaries and
benefits  is  due  to annual salary increases, four new employees and a mortgage
originator  hired  and  increased  commissions  earned by the mortgage division,

     The  Bank's  loan  portfolio  increased  from $54.2 million at December 31,
2000,  to  $59.4  million at June 30, 2001. The Bank's provision for loan losses
was $56,034 for the quarter ended June 30, 2001, and $104,388 for the six months
ended  June  30,  2001, compared to $65,331 for the quarter ended June 30, 2000,
and  $119,264  for  the  six  months  ended  June  30,  2000.

     The  allowance  for  loan losses was $651,826 at June 30, 2001, or 1.08% of
total  loans (excluding loans for sale), compared to $701,368 at March 31, 2001,
or  1.24%  of  total loans, and $645,501 at December 31, 2000, or 1.18% of total
loans.  The  level  of  the  allowance  for  loan losses represents management's
current  estimate  of future losses in the loan portfolio; however, there can be
no  assurance  that  loan losses in future periods will not exceed the allowance
for  loan  losses  or  that  additional  increases  in the allowance will not be
required.

     Noninterest  expense  increased  $124,209 to $631,090 for the quarter ended
June  30,  2001, from $506,881 for the quarter ended June 30, 2000. The increase
was  primarily  related to the increases in salaries and benefits of $73,327 and
an  increase  in  occupancy  expenses of $15,659 and other operating expenses of
$29,653.  The  increase  in  salaries  and  benefits  was  due  to annual salary
increases,  two  new  employees  and  a  mortgage originator hired and increased
commissions  earned  by  the  mortgage  division.

     Return  on  average  assets and average equity, on an annualized basis, for
the  quarter  ended June 30, 2001, was .52% and 6.08%, respectively, compared to
 .68%  and  8.21%,  respectively, for the same quarter of 2000. Return on average
assets and average equity, on an annualized basis, for the six months ended June
30,  2001,  was  .56%  and  7.40%,  respectively,  compared  to  .74% and 9.18%,
respectively,  for  the  same  quarter  of  2000.  Earnings per share on a fully
diluted  basis  for  the quarter and the six months ended June 30, 2001 was $.14
and  $.31,  respectively,  compared to $.17 and $.35, respectively, for the same
periods  of  2000.

     The  Company's assets ended the second quarter of 2001 at $72.5 million, an
increase  of  $7.9  million,  or 12.3%, from $64.5 million at December 31, 2000.
This  increase  can  be  attributed  primarily to an increase in the Bank's loan
portfolio of $5.8 million, an increase in federal funds sold of $1.4 million and
an investment in a Bank owned life insurance policy of $1.2 million, offset by a
decrease  in  investment  securities  of $1.3 million. Total borrowings from the
Federal  Home  Loan  Bank of Atlanta were approximately $2.6 million at June 30,
2001,  of  which  $1.6  million  were  match  funded  on  two loans by the Bank.

     Management  expects  that  its  2001  income will exceed expenses. Although
management  expects  that  the  Company's  current  profitability will continue,
future  events,  such  as  an unanticipated deterioration in the loan portfolio,
could  reverse  this  trend. Management's expectations are based on management's
best  judgment and actual results will depend on a number of factors that cannot
be  predicted  with  certainty and thus fulfillment of management's expectations
cannot  be  assured.

Liquidity  and  Sources  of  Capital
------------------------------------

     The  $6.7  million increase in deposits from December 31, 2000, to June 30,
2001 and the $1.0 million increase in borrowings from the Federal Home Loan Bank
of  Atlanta  is  primarily reflected in the increase in the Bank's loans of $5.8
million  and  the $1.2 million investment in a Bank owned life insurance policy.
The  Company's  primary  source  of  liquidity  is  cash on hand plus short-term
investments.  At  June  30,  2001,  the  Company's  liquid  assets  totaled $8.1
million, or 11.21% of total assets, compared to $7.5 million, or 11.63% of total


                                        7
<PAGE>
assets,  at  December 31, 2000.  Another source of liquidity is the $7.4 million
secured  line  of  credit  the  Company  has  from the Federal Home Loan Bank of
Atlanta,  of  which  $2.6  million is currently used, the $1.0 million unsecured
line  of  credit the Company has from a correspondent bank, and the $1.5 million
secured line of credit the Company has from another correspondent bank, of which
$300,000 of the $1.5 million line of credit is pledged.  If additional liquidity
is  needed,  the  Bank  will  sell  participations  in  its  loans.

     In January 2001, the Company invested in a bank owned life insurance policy
on  the life of Jeffrey N. Heflebower, an officer of the Bank. The beneficiaries
of the policy include both the Bank and certain heirs of Mr. Heflebower. To fund
the  policy,  the Bank contributed $1,225,000. Since the purchase of the policy,
the  cash  surrender value of the policy has increased approximately $26,000 and
is  now  approximately $1,251,000. The cash surrender value of the policy is not
considered  a liquid asset of the Company. The policy also provides supplemental
retirement  benefits  for  Mr.  Heflebower.

     The  capital of the Company and the Bank exceeded all prescribed regulatory
capital guidelines at June 30, 2001. At June 30, 2001, the Tier 1 leverage ratio
for  the  Bank  was  7.83%. At June 30, 2001, the Bank had a risk-weighted total
capital  ratio of 10.70%, and a Tier 1 risk-weighted capital ratio of 9.45%. The
Company expects that its current capital and short-term investments will satisfy
the  Company's  cash  requirements  for  the  foreseeable  future.  However,  no
assurance can be given in this regard as rapid growth, deterioration in the loan
quality  or  poor  earnings, or a combination of these factors, could change the
Company's  capital  position  in  a  relatively  short  period  of  time.

Dividends
---------

     The  Board  of  Directors  declared cash dividends of $0.05 per share to be
paid  to  shareholders  of  record  on  January  31,  2001  and  April 30, 2001.
Dividends  were  paid  on February 15, 2001 and May 15, 2001.  On July 30, 2001,
the Board of Directors declared a $0.05 per share cash dividend on the Company's
outstanding  shares  of  stock  to be paid to shareholders of record on July 30,
2001.  The  dividends  will  be  paid  on  August 15, 2001.  The declaration and
payment  of  future  dividends  will  depend upon a number of factors, including
future  earnings,  financial  condition,  cash  needs,  and  general  business
conditions.  If  dividends  should be declared in the future, the amount of such
dividends  presently  cannot  be  estimated  and it cannot be known whether such
dividends  would  continue  for  future  periods.

Market  Risk
------------

     Net  interest income of the Company is one of the most important factors in
evaluating  the financial performance of the Company.  The Company uses interest
sensitivity  analysis  to  determine  the  effect of rate changes.  Net interest
income  is  projected  over  a  one-year  period  to  determine the effect of an
increase  or  decrease  in the prime rate of 100 basis points.  If prime were to
decrease  100  basis  points,  the  Company  would experience an increase in net
interest  income  of  $36,655 if all assets and liabilities maturing within that
period  were  adjusted  for  the rate change.  The sensitivity analysis does not
consider  the likelihood of these rate changes nor whether management's reaction
to  this  rate  change  would  be  to  reprice  its  loans  and  deposits.


                                        8
<PAGE>
     PART  II
     OTHER  INFORMATION

ITEM  1.  LEGAL  PROCEEDINGS.

     There are no material pending legal proceedings to which the Company or the
Bank  is  a  party  or  of  which  any  of  their  property  is  the  subject.

ITEM  2.  CHANGES  IN  SECURITIES.

     None.

ITEM  3.  DEFAULTS  UPON  SENIOR  SECURITIES.

     Not  applicable.

ITEM  4.  SUBMISSION  OF  MATTERS  TO  A  VOTE  OF  SECURITY  HOLDERS.

     The  Company  held  its  Annual Meeting of Stockholders on May 16, 2001, at
which  meeting all four of management's nominees for the Board of Directors were
re-elected,  with  all four individuals re-elected to serve as Class I Directors
for a three-year term. The individuals re-elected as Class I Directors were:  W.
David  Hill,  D.D.S.,  receiving  351,724  votes  for  and  500 votes against or
withheld,  with  no  votes  abstaining;  R.  Michael  S. Menzies, Sr., receiving
351,474  votes  for and 750 votes against or withheld, with no votes abstaining;
Mahmood  S.  Shariff, M.D., receiving 351,624 votes for and 600 votes against or
withheld,  with no votes abstaining; and Sheila A. Wainwright, receiving 351,724
votes for and 500 votes against or withheld, with no votes abstaining.  Class II
and  Class  III  Directors  continuing in office are:  Jack H. Bishop, J. Parker
Callahan,  Jr.,  J.  Fredrick  Heaton,  William  C.  Hill,  David F. Lesperance,
Vinodrai  Mehta,  Roger  A.  Orsini,  Myron  J.  Szczukowski,  Jr.  and Jerry L.
Wilcoxon.

ITEM  5.  OTHER  INFORMATION.

     None.

ITEM  6.  EXHIBITS  AND  REPORTS  ON  FORM  8-K.

     (a)  Exhibits.

          11.1 Computation  of  Earnings  Per  Share.

     (b)  Reports  on  Form  8-K.

          There  were  no  reports  on  Form 8-K filed by the Company during the
          quarter  ended  June  30,  2001.


                                        9
<PAGE>
                                   SIGNATURES


     In  accordance  with  the  requirements of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

                                                    EASTON  BANCORP,  INC.
                                                   ------------------------
                                                        (Registrant)



Date:    August  3,  2001                     By: /s/ R. Michael S. Menzies, Sr.
       ------------------                         ------------------------------
                                                      R. Michael S. Menzies, Sr.
                                                      President



Date:     August  3,  2001                By: /s/  Pamela  A.  Mussenden
        ------------------                    ----------------------------------
                                                   Pamela  A.  Mussenden
                                                   Assistant  Treasurer
                                                   (Principal Financial Officer)


                                       10
<PAGE>
                                INDEX TO EXHIBITS


Exhibit                                                          Sequential
Number                             Description                   Page Number
------                             -----------                   -----------

11.1                  Computation  of  Earnings  Per  Share.



<PAGE>